High Fidelity VR Challenge

Terms & Conditions

NO PURCHASE NECESSARY TO ENTER OR WIN A GRANT IN THIS CHALLENGE. A PURCHASE
WILL NOT INCREASE YOUR CHANCES OF AWARD. VOID WHERE PROHIBITED BY LAW.

GRANTEES MAY BE REQUIRED TO EXECUTE GRANT ACCEPTANCE DOCUMENTS AND RETURN
THEM WITHIN FIVE (5) DAYS FROM DATE OF ISSUANCE OF NOTIFICATION OR GRANT MAY BE
FORFEITED (IN SPONSOR’S SOLE DISCRETION), AS MORE FULLY DETAILED BELOW.

BY ENTERING THIS CHALLENGE, ENTRANT AGREES THAT ITS CONCEPTS AND ANY
ASSOCIATED SOFTWARE (DEFINED BELOW) WILL BE MADE AVAILABLE FOR PUBLIC DOWNLOAD
AND USE FREE-OF-CHARGE DURING THE CHALLENGE PERIOD AND THROUGHOUT THE JUDGING
PROCESS, AS DESCRIBED IN MORE DETAIL BELOW. EACH ENTRANT ALSO AGREES THAT, IF
ENTRANT IS SELECTED AS A GRANTEE IN THIS CHALLENGE THE GRANTEE WILL PUBLISH OR
OTHERWISE MAKE ITS SOFTWARE AVAILABLE FOR USE OR DISTRIBUTION PUBLICLY (OTHER
THAN AS REQUIRED AS PART OF THIS CHALLENGE).

BY ENTERING THIS CHALLENGE, ENTRANT AGREES TO THESE TERMS AND CONDITIONS
(“TERMS”), WHICH ARE A CONTRACT, SO READ THEM CAREFULLY BEFORE ENTERING.
WITHOUT LIMITATION, THIS CONTRACT INCLUDES INDEMNITIES TO THE SPONSOR FROM THE
ENTRANT (i.e., A REQUIREMENT THAT THE ENTRANT DEFEND AND/OR REIMBURSE SPONSOR
FROM/FOR CERTAIN LOSSES) AND A LIMITATION OF ENTRANT’S RIGHTS AND REMEDIES.

The High Fidelity VR Challenge (“Challenge”) is sponsored by High Fidelity,
Inc. (“Sponsor”). The Challenge begins on June 28th, 2015 and ends on October
31st, 2015, unless extended at Sponsor’s discretion (“Challenge Period”). The
submission period for the Challenge begins on June28th, 2015 and ends on August
15th, 2015, unless extended at Sponsor’s discretion (“Submission Period”).

To begin the entry process, an eligible participant must first visit eduvr.org
(“Challenge Site”), and “apply” for this Challenge by sending proposal to
eduvrgrant@highfidelity.com. Eligible participants must then determine whether they
will participate in this Challenge as an Individual, a Team, or an Organization
(each term is defined below). Once determined, the eligible Individual, Team, or
Organization may enter this Challenge by visiting the Challenge Site during the
Submission Period and completing the entry process detailed below, which requires
the Entrant (defined below) to create, develop, and submit an Entry (defined below).
Registration will open at the beginning of the Challenge Period.

Eligible entries received in accordance with these Terms will be subject to
a two-stage evaluation process. First, all eligible entries received in this
Challenge will be reviewed and evaluated by a panel of judges selected by
Sponsor in its sole discretion (“Judges”). For this first stage of the
evaluation process, the Judges will perform only a cursory review of the
Entrant’s Software to confirm that it functions as described. Based on this
initial review, the first panel of Judges will select a limited number of
finalists. Those finalists will then be evaluated by a second panel of
Sponsor-selected Judges, who will select up to three (3) Grantees to be awarded
a Grant.

ELIGIBILITY: For the purposes of this Challenge, the “Territory” means the
United States, Canada (excluding Quebec), United Kingdom, Germany, France,
Sweden, Netherlands, Australia, New Zealand, South Korea, Switzerland, Norway,
Poland, Austria, Belgium, Russia, Thailand, Singapore, India, Mexico and Japan.
This Challenge is open only to the following:

natural persons who are, as of the date of entry, (i) a legal resident of a
nation within the Territory and (ii) at least eighteen (18) years old and the
age of majority in his or her jurisdiction of residence (e.g., country, province,
state, prefect, territory, district, etc.) (any and each, an “Individual”); or

entities and organizations that are, as of the date of entry, legally formed or
recognized by a jurisdiction within the Territory and have a principal place of
business in the Territory (any and each, an “Organization”); or

an association of not more than ten (10) individuals that does not constitute a
legally recognized entity, provided that each natural person comprising such an
association is (i) a legal resident of a nation within the Territory and (ii) at
least eighteen (18) years old and the age of majority in his or her jurisdiction
of residence, or alternatively have the consent of his/her parent or legal guardian
(any and each, a “Team”). A Team Entrant may have no fewer than two (2) and no more
than ten (10) members.

(Where distinction is not necessary, any Individual, Organization, or Team
(including each Team member) that enters or takes steps to participate in this
Challenge is referred to in these Terms as an “Entrant.”)

Employees, officers, directors, members, managers, agents, and
representatives of Sponsor or any other entities participating in the design,
promotion, marketing, administration, or fulfillment of this Challenge, or any
of their respective corporate partners, parent companies, divisions,
subsidiaries, affiliates, successors in interest, and advertising, promotion,
and public relations agencies (collectively, the “Challenge Entities”) and any
family member or member of the same household (whether or not related) of any
such persons are not eligible to enter or win a Grant in this Challenge. For
purposes of this Challenge, the term “family member” is defined as any spouse,
partner, parent, legal guardian, child, sibling, grandparent, grandchild, or
in-law.

Entrant (including each member of a Team) must not be under any legal or
contractual obligation that would prohibit its participation in this Challenge
as described in these Official Rules. If participating in this Challenge would
result in a violation by Entrant of any law applicable to it or any agreement
to which it is a party, such Entrant is ineligible. Participation in this
Challenge constitutes Entrant’s full and unconditional agreement to and
acceptance of these Terms and the decisions of Sponsor, which are final and
binding in all matters. Any natural person completing any portion of the entry
process described in these Terms on behalf of an Organization Entrant must be
authorized to legally bind that Organization.

HOW TO ENTER:

To enter, eligible Entrants must develop a proposal for building a STEM
focused, High School age appropriate unit that can be taught and experienced
using the High Fidelity platform and an Oculus™ head mounted display. The unit
must be able to accommodate >3 people who can experience it together (an “Entry”).
Entries must be submitted to and received by Sponsor by the specified deadlines
during the Submission Period. Entrant must follow the links and instructions on
the Challenge Site in order to make the submissions required by these Terms. For
purposes of these terms, the term “Entry” includes any Software created by the
Entrant as a result of or relating to the Entry, whether before, during, or after
the Challenge Period

SUBMISSION REQUIREMENTS:

Each Entry must meet all of the following requirements, as determined by
Sponsor in its sole discretion, or the Entry may be disqualified:

All aspects of the Entry must be solely owned by or licensed to the Entrant
or in the public domain. All third-party content not owned by or licensed to
the Entrant is prohibited, unless such content is in the public domain.
Entrant’s rights in the Entry must be sufficient to allow it to grant all
rights granted to Sponsor, the other Challenge Entities, or any other party
under these Terms. Sponsor may request written proof of ownership of or
adequate license to Entrant of any Entry. Failure to timely provide adequate
proof of ownership or sufficient license rights in any content included in the
Entry (as determined by Sponsor in its sole discretion) may result in the
Entrant being disqualified and all Entries deemed void.

All Entries must be entirely in the English language. Entries must have been
created expressly for the purposes of entering this Challenge. It may not have
been previously published by a third party and may not have been entered into
any other Challenge, competition, or promotion.

If any part of an Entrant’s Entry depicts or includes any person that is not
Entrant him- or herself or, for a Team or Organization Entrant, a member of the
Team/Organization, Entrant must have all permissions and rights from the
individual depicted (and, if such individual is a minor, his/her parent or
legal guardian) and agrees to provide Sponsor with written confirmation of
those permissions and rights upon request.

Entry must not create or imply any association between Sponsor and any
individual or entity or his, her, or its products or services, including the
Entrant. Entry must not contain any recognizable third-party trademarks
(including logos), trade dress, or other brand elements, including, without
limitation those of Sponsor. By way of example and without limiting any other
provision of these Terms, Entrant may not use Sponsor’s High Fidelity trademark
or its logo in any way that creates a likelihood of confusion as to source or
sponsorship, including, without limitation, implying an affiliation or
association between Entrant and Sponsor that could potentially confuse a user
regarding whether the Entry originates from or was created by Sponsor. Do not
use the High Fidelity trademark in the name of your Software.

Entries must not infringe, misappropriate, or violate any rights of any
third party including, without limitation, patent, copyright (including moral
rights), trademark, trade secret, or rights of privacy or publicity.

Entries must not include information or content that is pornographic or
otherwise adult-oriented. Entry must not in any way violate any federal,
national, state, provincial, territorial, or local laws, rules, or regulations,
or any applicable laws of other applicable jurisdiction(s).

Entries may be deemed ineligible and void if any Software, Software title,
or other content is, in Sponsor’s sole discretion, objectionable or
inappropriate.

Entrant agrees that his, her, or its participation in the Challenge and
agreement to these Terms and any Challenge Entity’s reproduction, display, and
use of the Entry in accordance with these Terms will not violate any agreement
to which Entrant (or any member of a Team Entrant) is a signatory or party or
any law applicable to Entrant.

Entrant agrees to indemnify the Challenge Entities against any and all
claims from any third party for any use or reuse by any Challenge Entity of the
Entry authorized under these Terms.

Sponsor reserves the right in its sole discretion to disqualify from the
Challenge any Entrant (and all natural persons comprising such Entrant) whose
Entry (in its sole discretion) refers, depicts, or in any way reflects
negatively upon a Challenge Entity, the Challenge, or any other person or
entity or does not comply with these Terms, including any of the above
Submission Requirements.

Sponsor reserves the right to contact Entrants for verification purposes and
administration of the Challenge. All Judges’ decisions are final and binding in
all matters relating to this Challenge. Each Entrant acknowledges that other
Entrants may have created ideas and concepts contained in their Entry that may
have familiarities or similarities to his/her/its Entry (including, without
limitation, a similar Software program), and that he/she/it will not be
entitled to any compensation or right to negotiate with the Challenge Entities
because of these familiarities or similarities.

Sponsor will announce the potential Grantees on the Challenge Site on or
around the last day of the Challenge Period. Each potential Grantee (including
each individual member of any Team Grantee) may be required to complete,
execute, have notarized (if applicable), and return an Affidavit/Declaration of
Eligibility and Liability/Publicity Release (unless prohibited by law), tax
documents, an agreement regarding licensing of the Software), and related
Grant-acceptance documents (collectively, “Grant Documents”) within the time
frame specified and in the form provided by Sponsor, without revision, or Grant
may be forfeited. The Grant Documents, if applicable, must be received by
Sponsor from the potential Grantee (including each individual member of any
Team Grantee) within five (5) days of Sponsor sending the documents to the
potential Grantee (or other time frame as stated in the Grant Documents) or
Grant may be forfeited and an alternate Grantee selected. If any notification
or other Challenge-related communication is returned as undeliverable, or if a
selected potential Grantee cannot be reached or does not respond as instructed
after Sponsor has attempted to notify that potential Grantee, that selected
potential Grantee may be disqualified and an alternate Grantee may be selected
(time permitting and in Sponsor’s sole discretion). Sponsor reserves the right
to modify the notification procedures in connection with the selection of any
alternate potential Grantee, if any. The Grant claim and Grant Documents are
subject to verification by Sponsor. In the event there are fewer eligible
Entries received by Sponsor than there are stated Grants in these Terms, or
that are of insufficient quality to warrant a Grant (as determined in Sponsor’s
discretion), Sponsor reserves the right to award fewer Grants.

AS A CONDITION OF WINNING ANY GRANT IN THIS CHALLENGE, EACH GRANTEE AGREES
THAT IF HE/SHE/IT WILL CREATE THE SOFTWARE REFERENCED IN THE ENTRY WITHIN 75 DAYS
OF RECEIVING THE GRANT AWARD. GRANTEE MAY USE THE GRANT FOR THIS PURPOSE, BUT IS
NOT REQUIRED TO SO PROVIDED THE SOFTWARE IS COMPLETED AND SUBMITTED IN ACCORDANCE
WITH THESE TERMS. FAILING SUCH, GRANTEE AGREES TO RETURN THE GRANT TO SPONSOR
WITHIN THE (10) DAYS OF SPONSOR’S WRITTEN DEMAND.

BY SUBMITTING AN ENTRY AND DELIVERING, PUBLISHING, OR OTHERWISE CREATING THE
SOFTWARE, GRANTEE WILL GRANT THE CHALLENGE ENTITIES THE LICENSES SET FORTH
BELOW IN AND TO. THE SOFTWARE. THIS REQUIREMENT IS NON-EXCLUSIVE. GRANTEE MAY
CHOOSE TO ALSO DISTRIBUTE ITS SOFTWARE THROUGH OTHER DISTRIBUTION CHANNELS IN
ADDITION TO ANY DISTRIBUTION BY THE CHALLENG ENTITIES. THE CHALLENGE ENTITIES
ARE NOT REQUIRED TO DISTRIBUTE ANY SOFTWARE CREATED AND/OR LICENSED
HEREUNDER.

IF ANY POTENTIAL GRANTEE DOES NOT AGREE TO THESE REQUIREMENTS, THAT ENTRANT
WILL BE DISQUALIFIED AND NO CHALLENGE ENTITY WILL HAVE ANY FURTHER OBLIGATION
OR LIABILITY TO IT (OR ANY OF ITS MEMBERS). BY SUBMITTING AN ENTRY, GRANTEE
WAIVES ANY RIGHT TO OBJECT TO THESES TERMS.

GRANTS, QUANTITY AND APPROXIMATE RETAIL VALUE (“ARV”):

Sponsor will; award up to three (3) Grants of five thousand US dollars
($5,000 US).

The total ARV for all Grants available in this Challenge is fifteen thousand
US dollars ($15,000 US).

GRANTS IN THIS CHALLENGE WILL BE AWARDED TO THE ENTRANT IDENTIFIED IN THE
APPLICABLE ENTRY (WHETHER AN INDIVIDUAL, TEAM, OR ORGANIZATION). IF THE ENTRANT
IS A TEAM THEN, UNLESS OTHERWISE DETERMINED BY THE SPONSOR, THE GRANT WILL BE
SENT TO THE NATURAL PERSON IDENTIFIED DURING REGISTRTATION AS THE LEADER OF THE
ENTRANT TEAM. Each Grant will be awarded in a single payment to applicable
confirmed Grantee made within approximately twenty (20) days of Grantee
verification.

Grant details not specifically stated in these Terms, (including the form or
method of any payment) will be determined by Sponsor in its sole discretion.
All taxes (including, without limitation, national, federal, state, provincial,
territorial, prefectural, and/or local taxes), as well as any expenses arising
from acceptance or use of the Grant and not specified in these Terms as being
provided as part of the Grant, are the sole responsibility of the Grant.
Sponsor is not responsible for and will not replace any lost, mutilated or
stolen Grant or Grant element or any Grant that is undeliverable or does not
reach a Grant because of incorrect or changed contact or bank routing
information. If a Grant does not accept or use the entire Grant for any reason,
the unaccepted or unused part of the Grant will be forfeited and Sponsor will
have no further obligation with respect to that Grant or portion of the Grant.
No transfers will be made. Sponsor reserves the right to substitute any stated
Grant or any component thereof with another Grant or component of equal or
greater value in case that the Grant is not available for unexpected reasons.
Sponsor reserves the right to award more than the stated Grants either during
or after the Challenge Period. Entrants waive the right to assert as a cost of
winning any Grant, any and all costs of verification and redemption and any
liability and publicity which might arise from claiming or seeking to claim
said Grant. No Released Party (defined below) will have any responsibility for
division of Grants among natural persons comprising any Grantee or winning
Entrant that is a Team or Organization or any liability to any natural person
not receiving a Grant who is a member of such a Team or Organization.

OPEN SOURCE LICENSE TO GRANTEE’S SOFTWARE:

Entrant will remain the owner of all right, title, and interest in and to
the Software, however by submitting an Entry, each Entrant (if the Entrant is a
Team, this shall refer to each individual member of such Team holding
intellectual property rights in the Entry) agrees to release the Software under
a permissive open source license, namely MIT, BSD, or Apache. The Challenge
Entities may make the Software publicly available on its website or otherwise.
Each Entrant further permits the Challenge Entities the right to reference the
names of its members and any applicable affiliations as may pertain to the
Entry.

Each Entrant hereby acknowledges and agrees that the relationship between
the Entrant and each of the Challenge Entities is not a confidential,
fiduciary, or other special relationship, and that the Entrant’s decision to
submit his/her/its Entry for purposes of the Challenge does not place any of
the Challenge Entities in a position that is any different from the position
held by members of the general public with regard to elements of the Entry
(including, without limitation, the Software), other than as set forth in these
Terms. (For the sake of clarity and without limiting the foregoing, these Terms
do not purport to modify the terms of any separate agreement between Sponsor
and any Entrant, including any confidentiality or non-disclosure agreement.)
Each Entrant understands and acknowledges that the Challenge Entities have wide
access to ideas, text, images, code, applications, software, and other creative
materials. Each Entrant also acknowledges that many ideas for games, other
applications, or online services may be competitive with, similar to, or
identical to its Software and/or each other in idea, function, components,
format, or other respects. Each Entrant acknowledges and agrees that such
Entrant will not be entitled to any compensation as a result of any Challenge
Entity’s use of any such similar or identical material that has or may come to
such Challenge Entity from other sources. Each Entrant acknowledges and agrees
that no Challenge Entity has now or will have in the future any duty or
liability (direct or indirect; vicarious, contributory, or otherwise) with
respect to the infringement or protection of the Entrant’s patent, copyright or
other proprietary rights in and to his/her/its Software or any other part of
its Entry. Each Entrant acknowledges that, with respect to any claim by Entrant
relating to or arising out of a Challenge Entity’s actual or alleged
exploitation or use of any Entry (including the Software), the damage, if any,
thereby caused to the applicable Entrant will not be irreparable or otherwise
sufficient to entitle such Entrant to seek injunctive or other equitable relief
or in any way enjoin the production, distribution, exhibition, or other
exploitation of any Challenge Entity application, service or other property,
and Entrant’s rights and remedies in any such event are strictly limited to the
right to recover damages, if any, in an action at law.

LIMITATION OF LIABILITY & DISCLAIMER OF WARRANTIES: NOTHING IN THESE TERMS
LIMITS, EXCLUDES, OR MODIFIES OR PURPORTS TO LIMIT, EXCLUDE, OR MODIFY ANY
STATUTORY CONSUMER GUARANTEE OR ANY IMPLIED CONDITION OR WARRANTY, THE
EXCLUSION OF WHICH FROM THESE TERMS WOULD CONTRAVENE ANY STATUTE OR CAUSE ANY
PART OF THESE TERMS TO BE VOID ("NON-EXCLUDABLE GUARANTEES"). SUBJECT TO THE
LIMITATIONS IN THE PRECEDING SENTENCE AND TO THE MAXIMUM EXTENT PERMITTED BY
ANY MANDATORY PROVISIONS OF APPLICABLE LAW, EACH OF THE CHALLENGE ENTITIES AND
EACH OF THEIR RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS, MEMBERS, MANAGERS,
REPRESENTATIVES AND AGENTS (THE “RELEASED PARTIES”) EXCLUDE FROM THESE TERMS
ALL CONDITIONS, WARRANTIES, AND TERMS IMPLIED BY STATUTE, GENERAL LAW, OR
CUSTOM, EXCEPT FOR LIABILITY IN RELATION TO A NON-EXCLUDABLE GUARANTEE. SUBJECT
TO ANY NON-EXCLUDABLE GUARANTEES, EACH ENTRANT AGREES TO RELEASE, HOLD
HARMLESS, AND INDEMNIFY (i.e., DEFEND AND/OR REIMBURSE) THE RELEASED PARTIES
FROM ANY LIABILITY WHATSOEVER FOR INJURIES OR DAMAGES OF ANY KIND SUSTAINED IN
CONNECTION WITH THE USE, ACCEPTANCE, POSSESSION, MISUSE, OR AWARDING OF A GRANT
OR WHILE PREPARING FOR, PARTICIPATING IN, AND/OR TRAVELING TO OR FROM ANY
CHALLENGE- OR GRANT-RELATED ACTIVITY, INCLUDING, WITHOUT LIMITATION, ANY
INJURY, DAMAGE, DEATH, LOSS, OR ACCIDENT TO/OF PERSON OR PROPERTY (HOWEVER (BUT
ONLY IF REQUIRED BY LAW IN YOUR JURISDICTION), THIS RELEASE, HOLD HARMLESS, AND
INDEMNIFICATION COMMITMENT DOES NOT APPLY TO CASES OF FRAUD OR BODILY INJURY OR
LOSS OF LIFE OR TO THE EXTENT THAT ANY DEATH OR PERSONAL INJURY IS CAUSED BY
THE NEGLIGENCE OF SPONSOR OR A THIRD PARTY, WHERE LIABILITY TO THE INJURED
PARTY CANNOT BE EXCLUDED BY LAW). EACH GRANTEE AGREES THAT THE GRANT IS
PROVIDED AS-IS WITHOUT ANY WARRANTY, REPRESENTATION, OR GUARANTEE (EXPRESS OR
IMPLIED, IN FACT OR IN LAW), WHETHER NOW KNOWN OR HEREINAFTER ENACTED, BEYOND
ANY NON-EXCLUDABLE GUARANTEES.

ADDITIONAL DISCLAIMERS:

The Released Parties are not responsible and/or liable for any of the
following, whether caused by a Released Party, the Entrant (or a member of any
Entrant Team or Organization), or by human error (except to the extent that any
of the following occur for reasons within Sponsor's reasonable control, if
applicable law in your jurisdiction of residence dictates that liability to the
injured party in such a case cannot be excluded by law): Any lost, late,
postage-due, incomplete, illegible, incomprehensible, mutilated, or misdirected
email, mail, or Challenge-related correspondence or materials; any error,
omission, interruption, defect, or delay in transmission or communication;
viruses or technical or mechanical malfunctions; interrupted or unavailable
telephonic, cellular, cable, or satellite systems; errors, typos or misprints
in these Terms, in any Challenge-related advertisements or other materials;
failures of electronic equipment, computer hardware or software; lost or
unavailable network connections or any failed, incorrect, incomplete,
inaccurate, garbled or delayed electronic communications; technical or human
error which may occur in the administration of the Challenge or the processing
of Entries; or any injury or damage to persons or property which may be caused,
directly or indirectly, in whole or in part, from Entrant's participation in
the Challenge or receipt or use of any Grant. Without limiting any other
provision of these Terms, no Released Party is responsible or liable for any
injury or damage to the persons or property of Entrant or any third party based
on use by such party of Entrant’s Software or other Entry made available as
part of this Challenge or based on any use by Entrant of the Software or Entry
of any other participant in this Challenge. Released Parties are not
responsible for electronic communications that are undeliverable as a result of
any form of active or passive filtering of any kind, or for insufficient space
in a person’s email account or voicemail inbox to receive email or voice
messages. No Released Party is responsible or will have any liability for any
purported Entry (including, without limitation, any Progress Video) that is
rejected for any reason at any time prior to the award of the Grants in this
Challenge, Without limiting any other provision in these Terms, the Released
Parties are not responsible or liable to any Entrant or Grantee (or any person
claiming through such Entrant or Grantee) for failure to supply a Grant or any
part thereof in the event that any of the Challenge activities or Released
Parties’ operations or activities are affected by any cause or event beyond the
sole and reasonable control of the applicable Released Party (as determined by
Sponsor in its sole discretion), including, without limitation, by reason of
any acts of God, equipment failure, threatened or actual terrorist acts, air
raid, act of public enemy, war (declared or undeclared), civil disturbance,
insurrection, riot, epidemic, fire, explosion, earthquake, flood, hurricane,
unusually severe weather, blackout, embargo, labor dispute or strike (whether
legal or illegal), labor or material shortage, transportation interruption of
any kind, work slow-down, any law, rule, regulation, action, order, or request
adopted, taken, or made by any governmental or quasi-governmental entity
(whether or not such governmental act proves to be invalid), or any other
cause, whether or not specifically mentioned above.

The following specific terms only apply for Entrants that reside in Germany.
If you have your habitual residence in Germany, the Additional Disclaimers
section of these Terms and the Limitations of Liability & Disclaimer of
Warranties section of these Terms do not apply to you. Instead, the following
Section does apply to you:

SPONSOR AND EACH OF THEIR RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS,
MEMBERS, MANAGERS, REPRESENTATIVES AND AGENTS (THE “INDICATED PARTIES”) SHALL
BE LIABLE AS FOLLOWS:

THE INDICATED PARTIES SHALL BE FULLY LIABLE FOR INTENT AND GROSS NEGLIGENCE
AS WELL AS FOR DAMAGES CAUSED BY INJURY TO LIFE, BODY OR HEALTH.

IN AN EVENT OF SLIGHT NEGLIGENCE, THE INDICATED PARTIES SHALL BE LIABLE ONLY
FOR BREACHES OF A MATERIAL CONTRACTUAL OBLIGATION (CARDINAL DUTY). A “CARDINAL
DUTY“ IN THE MEANING OF THIS PROVISION IS AN OBLIGATION WHOSE FULFILLMENT
MAKES THE IMPLEMENTATION OF THIS CONTRACT POSSIBLE IN THE FIRST PLACE AND ON
THE FULFILLMENT OF WHICH THE CONTRACTUAL PARTNER MAY THEREFORE GENERALLY RELY.

IN A CASE ACCORDING TO CLAUSE (II), THE INDICATED PARTIES SHALL NOT BE LIABLE
FOR ANY LACK OF COMMERCIAL SUCCESS, LOST PROFITS AND INDIRECT DAMAGES.

LIABILITY IN ACCORDANCE WITH THE ABOVE CLAUSES (II) AND (III) SHALL BE LIMITED
TO THE TYPICAL, FORESEEABLE DAMAGES.

ANY POTENTIAL LIABILITY ON THE PART OF THE INDICATED PARTIES FOR ANY WARRANTIES
AND FOR CLAIMS BASED ON THE GERMAN PRODUCT LIABILITY ACT SHALL REMAIN UNAFFECTED.

GENERAL RULES:

By entering this Challenge (except where prohibited by law), each natural
person signing these Terms as part of an Entry (as the Entrant or as an Entrant
Team or Organization) grants the Challenge Entities the irrevocable,
sublicensable, free-of-charge, absolute right and permission to use, publish,
post or display his or her name, photograph, likeness, voice, biographical
information, any quotes attributable to him or her, and any other indicia of
persona (regardless of whether altered, changed, modified, edited, used alone,
or used with other material in the Challenge Entities’ sole discretion) for
advertising, trade, promotional and publicity purposes related to the Challenge
and the awarding of Grants without further obligation or compensation of any
kind to him or her, anywhere worldwide, in any medium now known or hereafter
discovered or devised (including, without limitation, on the Internet) without
any limitation of time and without notice, review or approval, and each such
person releases all Challenge Entities from any and all liability related to
such authorized uses. Nothing contained in these Terms obligates any Challenge
Entity to make use of any of the rights granted herein and each natural person
granting publicity rights under this provision waives any right to inspect or
approve any such use.

Sponsor's decisions will be final in all matters relating to this Challenge,
including interpretation of these Terms, acceptance or rejection of Entrants,
Entries, or selection of the Grantees, and awarding of the Grants. All
Entrants, as a condition of entry, agree to be bound by these Terms. Failure to
comply with these Terms may result in disqualification from the Challenge.
Participants further agree to not damage or cause interruption of the Challenge
and/or prevent others from participating in the Challenge. Sponsor reserves the
right to restrict or void participation from any IP address, email address or
domain, device, or other designator or identifiable source if any Entry and/or
participation is suspected to be fraudulent, as determined by Sponsor in its
sole discretion. Sponsor reserves the right, in its sole discretion, to void
Entries or other participation by any person or entity who Sponsor believes has
attempted to tamper with or impair the administration, security, fairness or
proper play of this Challenge. In the event there is an alleged or actual
ambiguity, discrepancy or inconsistency between disclosures or other statements
contained in any Challenge-related materials and these Terms (including any
alleged discrepancy or inconsistency within these Terms), it will be resolved
by Sponsor in its sole discretion. Participants waive any right to claim
ambiguity in the Challenge or these Terms. If Sponsor determines (at any time
and in its sole discretion) that any Grantee or potential Grantee is
disqualified, ineligible, in violation of these Terms, or engaging in behavior
that Sponsor deems obnoxious, inappropriate, threatening, illegal or that is
intended to annoy, abuse, or harass any other person or entity, Sponsor
reserves the right to disqualify such Grantee or potential Grantee, even if the
disqualified Grantee or potential Grantee may have been notified or displayed
or announced anywhere. Sponsor's failure to or decision not to enforce any
provision in these Terms will not constitute a waiver of that or any other
provision. The invalidity or unenforceability of any provision of these Terms
will not affect the validity or enforceability of any other provision. In the
event that any provision is determined to be invalid or otherwise unenforceable
or illegal, these Terms will otherwise remain in effect and will be construed
in accordance with their terms as if the invalid or illegal provision were not
contained herein. If the Challenge is not capable of running as planned for any
reason, Sponsor reserves the right, in its sole discretion, to cancel, modify
or suspend the Challenge and award the Grants based on eligible, non-suspect
Entries received prior to cancellation, modification, or suspension, if any, or
as otherwise deemed fair and appropriate by Sponsor. If any person supplies
false information, participates or submits Entries or is otherwise determined
to be in violation of these Terms in an attempt to obtain a Grant, Sponsor may
disqualify that person (and any Entrant on the behalf of which such person
participated in the Challenge) and seek damages from him or her and that person
may be prosecuted to the full extent of the law. If any dispute regarding an
Entry cannot be resolved to Sponsor's satisfaction, such Entry will be deemed
ineligible. CAUTION: ANY ATTEMPT TO DAMAGE ANY ONLINE SERVICE OR WEBSITE OR
UNDERMINE THE LEGITIMATE OPERATION OF THE CHALLENGE MAY VIOLATE CRIMINAL AND
CIVIL LAWS. IF SUCH AN ATTEMPT IS MADE, SPONSOR MAY DISQUALIFY ANY PARTICIPANT
MAKING SUCH ATTEMPT AND MAY SEEK DAMAGES TO THE FULLEST EXTENT PERMITTED BY
LAW.

DISPUTES/GOVERNING LAW:

Except where prohibited by law, any and all disputes, claims, and causes of
action between a participant and any Released Party arising out of or connected
with this Challenge, the determination of any Grantee, or any Grant awarded
must be resolved individually, without resort to any form of class action.
Further, in any such dispute, under no circumstances will a participant be
permitted or entitled to obtain awards for, and hereby waives all rights to
claim punitive, incidental or consequential damages, or any other damages,
including attorneys' fees, other than the participant’s actual out-of-pocket
expenses (if any), not to exceed twenty-five dollars ($25 USD) and each
participant further waives all rights to have damages multiplied or
increased.

This Challenge and any dispute arising under or related thereto (whether for
breach of contract, tortious conduct, or otherwise) will be governed by the
internal laws of the State of California, USA, without giving effect to its
conflicts of law or choice of law principles or rules that would cause the
application of the laws of any other jurisdiction. Any legal actions, suits or
proceedings related to this Challenge (whether for breach of contract, tortious
conduct, or otherwise) will be brought exclusively in the state or federal
courts located in or having jurisdiction over San Francisco County, California,
US, and each entrant accepts and submits to the personal jurisdiction of those
courts with respect to any legal actions, suits or proceedings arising out of
or related to this Challenge.

PRIVACY STATEMENT FOR AUSTRALIAN ENTRANTS: Entrants’ personal
information will be collected to enable the Sponsor and its agencies to administer
and promote this Challenge (and its Grantees). The personal information of
Grantees may be provided to third parties assisting in the conduct of the
Challenge, including Grant suppliers and deliverers, and for publicity purposes
surrounding the Challenge. If the personal information requested is not
provided, the entrant may not participate in the Challenge. Entrants’ personal
information may be disclosed outside Australia, including to the United States.
By entering this Challenge, the Entrant consents to the use of their personal
information as described. If an Entrant does not truthfully provide all
requested personal information, the Sponsor may determine that the Entrant is
not eligible to win a Grant. Sponsor’s privacy policy at
https://metaverse.highfidelity.com/privacy.html
contains information about how Entrants can contact Sponsor with questions about
how Sponsor collects, uses, and shares their personal information.

TERMS/WHO WON?: A copy of these Terms and information about who
won is available by sending an email with the subject line “High Fidelity VR
Challenge – Terms” or “High Fidelity VR Challenge – Who Won?” (as applicable)
to eduvrchallenge@highfidelity.com. Terms requests must be received no later
than the end of the Challenge Period. Requests for Grantee information must be
received no later than three (3) months after the end of the Challenge Period.
During the Challenge Period, these Terms will also be available by visiting
eduvr.org.